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AAIS Pulse Replay: Exploring Fundamental Shifts in the Reinsurance Market

Apr 5, 2023 / by AAIS posted in AAIS Pulse, reinsurance

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Insurance carriers are still dealing with the fallout from the most challenging reinsurance market in a generation, where there was a significant fundamental pivot in pricing and risk appetite, especially for property catastrophe risk. In the AAIS Pulse session, Exploring Fundamental Shifts in the Reinsurance Market, host Ed Kelly led a discussion with Andy Marcell, CEO of Aon Reinsurance Solutions, and Frank Nutter, President of Reinsurance Association of America (RAA), as they shared insights on what caused such dramatic changes across the industry, the government reaction, and how carriers can prepare themselves for success moving forward during this challenging time.

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How to Lead a Remote Workforce: Insights from WSRB CEO Karl Newman

Mar 21, 2023 / by AAIS posted in Working in Insurance, Remote Work, WSRB

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AAIS recently spoke with Karl Newman, President & CEO of WSRB and its wholly-owned subsidiary, BuildingMetrix, Inc. We asked him for tips on leading a remote workforce. He also gave insight into maintaining company culture and organizational effectiveness in a virtual environment.

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Advisory Report: Merlinos & Associates Director Ryan Purdy Talks Florida Market & What to Expect in 2023

Feb 7, 2023 / by AAIS posted in Personal Lines, Insurance, Regulatory/Compliance, NAIC, Insurance Advisory, Florida Insurance Market, Regulatory Reporting, Statistical Reporting, Florida

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For this Advisory Report, AAIS sat down with Ryan Purdy, Director at Merlinos & Associates - a Davies Company, to discuss key takeaways from the recent Florida Chamber of Commerce Insurance Summit. He also touched on key trends to look for moving into 2023 as well as updates specifically seen across the Florida insurance market.

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2022 AAIS Market Survey Results Reveal Most Pressing Industry Issues

Feb 2, 2023 / by AAIS posted in Community, Insights, Issues & Trends, Data & Technology, P&C Insurers, Legislation & Regulation, AAIS News & Views, AAIS Insights, Data/Tech, Insurance Line of Business, Florida Insurance Market

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The Economy/Inflation, Talent Acquisition and Litigation Top Concerns; Integrity, Security and Accuracy Lead Priorities for Data/Technology

Throughout 2022, AAIS conducted several surveys from a cross-section of insurance professionals, many associated with insurance industry events. What emerged from these various surveys was a view of the top issues and concerns facing the industry as well as the priorities placed on data and technology initiatives. This summary presents the aggregated results of those surveys. We trust this information is useful for AAIS Members and other industry stakeholders as a catalyst for discussions surrounding the development of solutions for the most pressing issues that lie ahead.

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Maryland Commissioner on Building a Healthier Cyber Risk and Insurance Market

Jan 17, 2023 / by AAIS posted in Insurance, Regulatory/Compliance, NAIC, Insurance Advisory, Regulatory Reporting, Statistical Reporting

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For this Regulatory Brief, AAIS sat down with Kathleen Birrane, Maryland Insurance Commissioner, to discuss issues related to the cyber risk and insurance market.

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Nebraska Commissioner Discusses Growing Interest in Insurtech on the Silicon Prairie

Jan 10, 2023 / by AAIS posted in Technology, Insurance, Data & Technology, Tech News, Insurtech, Regulatory/Compliance, Data/Tech, NAIC, Insurance Advisory, Regulatory Reporting, Statistical Reporting

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For this Regulatory Brief, AAIS speaks with Eric Dunning, Director of the Nebraska Department of Insurance, to discuss insurtechs and the importance of the annual Insurtech on the Silicon Prairie meeting.

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Connecticut Insurance Department Leveraging Artificial Intelligence to Capture Institutional Knowledge

Jan 4, 2023 / by AAIS posted in Insurance, Machine Learning/AI, Regulatory/Compliance, NAIC, Artificial Intelligence, Insurance Advisory, Regulatory Reporting, Machine Learning, Statistical Reporting

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For this Regulatory Brief, AAIS sat down with George Bradner, Assistant Deputy Commissioner of the Connecticut Insurance Department, to discuss the use of modern technologies to streamline processes for more efficient filings moving into 2023.

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Director of Rate & Forms Compliance at Kansas DOI Provides Update on New Forms Filing Procedures in Kansas

Dec 27, 2022 / by AAIS posted in Insurance, Regulatory/Compliance, NAIC, Insurance Advisory, Regulatory Reporting, Statistical Reporting

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At the recent NAIC meeting in Tampa, AAIS asked Julie Holmes, Director of Rate and Forms Compliance at the Kansas Department of Insurance for an overview of upcoming changes to forms filing procedures in the State.

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MA Deputy Commissioner Talks Data Standards and Changes to Health Insurance Regulation, including Dental Coverage

Dec 22, 2022 / by AAIS posted in Insurance, Regulatory/Compliance, NAIC, Insurance Advisory, Regulatory Reporting, Statistical Reporting

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At the recent NAIC meeting in Tampa, Kevin Beagan, Deputy Commissioner at the Massachusetts Division of Insurance, discussed the need for standardization across the data and technology space. He also shared insights on the current challenges experienced in the healthcare market, including dental coverage.

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NAIC CEO Mike Consedine Reflects on 2022 and Looks Ahead to the Hot Topics for 2023

Dec 19, 2022 / by AAIS posted in Insurance, Regulatory/Compliance, NAIC, Insurance Advisory, Regulatory Reporting, Statistical Reporting

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At the recent NAIC meeting in Tampa, Florida, AAIS sat down with NAIC CEO Mike Consedine to review challenges and opportunities that emerged in 2022 and the hot topics and trends leading into 2023.

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